330 Bixel Street, Los Angeles

$1,200,000

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0 Bed
0 Bath
.17 Acre
0 Garage

We are pleased to present a 100% vacant land development opportunity located just South of Echo Park! Totaling +/-7,457sf of LACW zoned land with base R4 density and Tier 2 TOC, there's potential for a developer to execute on either a market rate or affordable housing development. As a market rate development utilizing the R4 base density and applying Tier 2 TOC bonuses, there's potential for a 31-unit market rate development. As a 100% affordable ED1 development, there's potential for a 30-35 unit development with no parking requirements with an affordable stick on grade type construction.With its close proximity to Echo Park, Dodger Stadium, Chinatown, and Downtown Los Angeles, the property is well positioned for a developer seeking a well-located property with high rental demands. Ownership has completed a Geophysical Survey Report and massing study for a market rate development, both of which can be made available upon request. Please note, there is a +/-5-6' access easement that runs along the Southern portion of the property. Buyer shall complete their own due diligence to determine the development potential. For more information please contact the listing broker.

Essential Information

MLS® #
24361261
Price
$1,200,000
Bathrooms
0.00
Acres
0.17
Type
Land
Status
Active

Community Information

Address
330 Bixel Street
Area
C21 - Silver Lake - Echo Park
City
Los Angeles
County
Los Angeles
Zip Code
90026
Senior Community
N

Amenities

View
City Lights

Additional Information

Date Listed
February 22nd, 2024
Days on Market
67
Zoning
LACW

Listing Details

Agent
Casey Lins

Office

Kidder Mathews of California, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 5:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.